Accounting software company MYOB has said that over 40 percent of new product registrations were cloud products.
“Now that we’re getting more cloud products coming to market we’re getting more takeup,” MYOB CTO Simon Raik-Allen said. The takeup was up from 3 percent two years ago, he added.
Raik-Allen refused to reveal separate sales figures for AccountRight Live, the cloud syncing service attached to its AccountRight desktop software, and its browser-based accounting program LiveAccounts.
MYOB was “absolutely rapt” with sales of its cloud products, Raik-Allen said. “Our latest release of AccountRight Live has been our biggest uptake product ever. We had literally thousands in the first few hours.”
Small businesses had been much slower to move to cloud software and services compared to enterprise, Raik-Allen said.
“Small business is very highly unrepresented in the cloud adoption world,” Raik-Allen said. A recent survey by MYOB found that 38 percent of Australian businesses had a website and 16 percent were using a cloud product.
“Compare that to enterprise in Australia where they are saying takeup has risen from 70 percent to over 81 percent,” Raik-Allen said.
The MYOB survey found that businesses using cloud software were more likely to have bigger sales pipelines and higher revenue over a 12 month period.
While Raik-Allen said that while he couldn’t make a causal connection between growth and cloud software, “there are absolute benefits of being a cloud user”.